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According to PANews, Sky, formerly known as MakerDAO, announced on the X platform that voting has commenced on a proposal concerning the implementation of a delayed upgrade penalty for the transition from MKR to SKY. As part of the ongoing upgrade process, Sky Atlas has specified that the executive vote on September 18, 2025, set a 1% penalty for delayed upgrades to the new MKR to SKY conversion contract. If the proposal is approved, starting from September 22, 2025, all MKR to SKY upgrades will incur a 1% penalty. Subsequently, the penalty for delayed upgrades will increase by 1% every three months.

Ethereum’s (ETH) 50% surge over 30 days has triggered extreme social media hype, with Santiment warning it could signal a short‑term price pullback despite ongoing bullish fundamentals.Key TakeawaysEthereum social mentions hit “extreme euphoria” levels, often a red flag for price corrections.ETH has surged 51.8% in 30 days, now trading near $3,767.Treasury adoption from major companies could offset short‑term risks and fuel long‑term growth.Analysts warn that “crowded trades” often precede price pullbacks, but market frothiness remains below peak levels.Ethereum’s Rally Sparks “Warning Signs”Ethereum’s 50% rally in the past month has drawn unprecedented social media attention, raising concerns that ETH may be overheated.On‑chain analytics platform Santiment warned that Ethereum’s social dominance has spiked to “extreme euphoria”, a level that historically precedes corrections.“When social dominance of a cryptocurrency spikes to unusually high levels, it suggests the asset is over‑hyped and the trade is becoming crowded,” Santiment wrote.ETH is trading at $3,767, up 51.84% in the past 30 days, according to Nansen.Could This Rally Still Have Legs?While Santiment flagged the risk of a short‑term pullback, the firm also noted the rally may not be over:Memecoin dominance remains low, suggesting the market has not yet reached “peak speculation.”Treasury adoption from companies like SharpLink Gaming and Bitmine Immersion Technologies is creating a “Michael Saylor for Ether” narrative, pointing to long‑term bullish potential.“There’s not a lot of supply of ETH, and so I think ETH probably has a chance to outperform Bitcoin in the next three to six months,” said Galaxy Digital CEO Michael Novogratz.Broader Context: Bitcoin Faces Similar SignalsSantiment also issued a similar warning for Bitcoin (BTC), which saw nearly 50% of all crypto social mentions last week as BTC hit an all‑time high of $123,100.Analyst Brian Quinlivan explained that such historic spikes in social chatter often indicate local tops and set the stage for short‑term pullbacks.Short-term: Extreme hype may bring ETH volatility and a possible correction.Long-term: Corporate adoption and treasury allocations could keep Ethereum’s bullish structure intact, with analysts eyeing targets as high as $9,000, according to Cointelegraph.